SHORT SELL Short

New Zealand Dollar/Japanese YenFXCM

Description

⋅ Jan 7, 2021 7:08 AM

It has seen from the daily time frame that it has bearish divergence. Wait for the breakout at a rising wedge. Entry at 75.07 and TP at 74.646

Comments

Dave-FX-Hunter

⋅ Jan 8, 2021 9:43 AM

Good view, thanks for sharing

Rye_Zen

⋅ Jan 9, 2021 1:53 PM

@DaweFXHunter wonderful analysis there mate! Thanks!

ahmadhasbullah01

⋅ Jan 7, 2021 7:47 AM

agree with you. NZD has been overbought across the chart with other currency, need to have a bit of rest before going north again.

Rye_Zen

⋅ Jan 7, 2021 11:07 AM

@ahmadhasbullah01 Thank you for the same insight! Cheers!